Corona Virus Daily Thread #24

[Mariner]

Daily thread #23 here:

http://freerepublic.com/focus/chat/3826809/posts?page=1

[Mariner]

OK people, let's be safe out there.

[Mariner]

Day 24 thread ping

[abigkahuna]

b

[datura]

Thank you for hosting!

[Black Agnes]

From the other thread.

Things to consider with the ‘power through it at once’ approach:

What happens to the insurance companies who get hit with a cat 5 hurricane’s worth of health insurance payouts. Everywhere. Over a 3-6m period of time...

https://www.amazon.com/Insurance-Underwriting-Derivatives-Liability-Management/dp/0471492272

And when (not if) they fail, what does that to do the rest of the economy.

At that point small businesses and restaurants become financially irrelevant.

[Jane Long]

Ping to new thread.

[Jane Long]

Thanks.

Stay safe.

[cgbg]

Agnes:

The Fed has already bailed out some hedge funds (with wild derivative trades gone bad) last week.

Expect to see more of that from the Fed and other central banks—for as long as they can keep spinning the derivatives plates in the air.

[Jane Long]

Thanks.

[nwrep]

Big spike today.

US set to overtake China as the world's highest number of cases (not deaths).

Big increase in cases (70000+) and deaths (nearly 100) today in the US.

[null and void]

Here!

Bring Out Your Dead

Post to me or FReep mail to be on/off the Bring Out Your Dead ping list.

The purpose of the “Bring Out Your Dead” ping list (formerly the “Ebola” ping list) is very early warning of emerging pandemics, as such it has a high false positive rate.

The false positive rate was 100%.

At some point we may well have a high mortality pandemic, and likely as not the “Bring Out Your Dead” threads will miss the beginning entirely.

*sigh* Such is life, and death...

If a quarantine saves just one child's or one old fart’s life, it's worth it.

[cgbg]

7000 for now.

May take us a couple of weeks to get to 70,000 a day. :-)

[Black Agnes]

The ‘power through it’ guys fail to realize that IF they take that path they WILL destroy the economy.

All of it.

Not just a few businesses and create a depression.

What would happen with the derivatives unwinding would make the 1930s look like ‘good times’.

And nobody would have a pension or 401K when they were done.

Or savings accounts.

etc.

I told Jane on the previous thread. This makes me think it was a bioweapon and deliberately released. Not to kill a bunch of people. Just make a bunch so sick they need medical care. And thereby crash out our insurance companies and via the underwritten risk derivatives crash out our whole economy.

[datura]

China stopped reporting numbers to save face, typical lies. Optics are the most important thing to them.

[nwrep]

Thanks for the correction.

[caww]

Those are mostly in New York first, then California and Washington...others rising up as well.

[Em and Brets Mum]

Thank you for Corona Virus Daily Thread #24!

[datura]

Chinese Authorities Underreporting New Infections in Epicenter of Wuhan: Leaked Documents

https://link.theepochtimes.com/chinese-authorities-underreporting-new-infections-in-epicenter-of-wuhan-leaked-documents_3280343.html

We knew they were lying. It’s what they do.

[Mariner]

“And when (not if) they fail, what does that to do the rest of the economy.”

The ultimate debt deflation. A land where everything is worth nothing.

[Black Agnes]

Yup yup.

And nobody has food.

Or clean water.

Or possibly even electricity.

Nightmare scenario.